Mortgage Loans in Elba, AL

Federal Funds Rate - Trends & Analysis:

Today’s Fed Funds Effective Rate is 3.75%. This rate has stayed the same compared to 1, 7, 30, 60, and 90 days ago. When the Fed Funds rate is steady, it can help keep mortgage rates stable since banks use this rate to set loan costs.

Credit Union Loan Rates - Trends & Analysis:

American Airlines offers a 15-year conventional fixed rate at 6.21% today, unchanged from last week but up 13 bp from a month ago. The 30-year conventional fixed rate is 6.583%, also steady over seven days and up 13 bp over 30 days. Their 5-year adjustable rate stands at 6.533%, with a 20 bp increase over the past month. Pentagon offers 30-year Conventional Fixed and 30-year VA Fixed loans at 6.25% today. The 30-year FHA Fixed and VA Fixed loans are both at 5.75%. Rates have held steady over the past week and month.

Guardian offers a 15-year conventional fixed rate at 6.25%, down 13 bp from a week ago. Their 30-year conventional fixed rate holds steady at 6.75%. The 3-year ARM FHA fixed rate is 6.0%, down 13 bp from 30 days ago. Gulf Winds offers a 15-year fixed rate at 6.5% and a 30-year fixed rate at 6.875%, both unchanged from last week. Their adjustable 3-, 5-, 7-, and 10-year ARMs start at rates between 6.28% and 6.58%, steady since a month ago. Family Savings offers a 15-year conventional fixed mortgage at 6.85% today, up 10 bp from last week and also 10 bp higher than 30 days ago.

Tyndall offers a 30-year Conventional fixed mortgage at 6.875% today, up 13 bp from 30 days ago. Their 30-year FHA fixed rate is 6.375%, which increased by 25 bp over the past month. Both rates have held steady compared to last week.